The terminals, which serve Chile’s main consumption and industrial centres, join a portfolio of ports already owned by the platform, including terminals in Vancouver and Prince Rupert, British Columbia.

“This is our first infrastructure acquisition in Chile and our first Latin American ports,” said Emmanuel Jaclot, executive vice-president and head of infrastructure at the Caisse, in a press release. “It marks an important step in the growth of our platform with DP World and aligns well with its geographic diversification objective.”

In other investment news, Ivanhoé Cambridge and the We Co. are launching ARK, a real estate acquisition and management platform with a focus on real estate assets in global gateway cities and high-growth secondary markets. The platform will initially deploy about US$2.9 billion of total capital.

“We believe there is enormous upside in disrupting traditional norms of real estate,” said Sylvain Fortier, chief investment and innovation officer at Ivanhoé Cambridge, in a press release. “We share the same vision, commitment to social responsibility and long-term approach towards real estate, making this a natural partnership and one that we are confident will be transformational for both companies.”